How To Lower Costs in Your Vape Shop

It’s never a bad idea for a business to look for ways to save money. At the end of the day, saving money always means a higher profit, unless you’re talking about skimming costs on things that help you make or keep existing customers. In that case, lowering costs might be a double-edged sword.

So:

If you know where and how to do it, lowering costs is a great idea. The problem is, that’s not always very clear. This is why we’ve broken down the process into a few simple steps.

Cheaper E-liquids

When using the term “cheap”, it can be very easy to confuse it with “lower quality”, but it’s not always the same thing. Cheap is not necessarily synonymous with poor quality when it comes to e-liquids.

Luckily:

Cheaper e-liquids can also be of great quality and comply with safety standards at the same time. While growing regulations in the United States can be sketchy at times, especially when it comes to flavor bans, they are also responsible for prompting competitiveness and safety among manufacturers.

Although:

It’s very important that you get your products from a reputable distributor that can guarantee quality and has a good reason for being able to offer lower rates. At VapeRanger we offer wholesale pricing if you’re a vape shop and comply with our company standards. Fill out our queries and register for a wholesale account with VapeRanger to learn if you qualify and start lowering your vape shop cost today.

Save Money, Buy More

As briefly mentioned above, there’s always an upside if you have the sales numbers that allow you to purchase the product your vape shop carries in bulk. Both your overall vape shop costs and earnings should take a positive turn for your business. When purchasing wholesale e-juice, the price per bottle or item drops, it’s as simple as that. So it would behoove you to order your products for the next month or two rather than purchasing a handful of products at a time.

Playing With Product Nicotine Strengths

Not every vaper actually wants to consume the largest amount of nicotine possible. Some vapers got into vaping to quit nicotine.

That said:

You should keep a balance between low-level nicotine products and higher-potency vapes. This will not only allow you to keep all sorts of customers happy but it may also help you lower costs because lower nicotine may also mean cheaper costs.

External Battery Devices

Like you, your customers are always looking to reduce their vaping costs. One way to do this is by investing in a device with removable batteries, that is if they want to stick with sub-ohm vaping which asks more from the battery. The reason why this is a good idea is that with integrated batteries, your customers would have to change the entire device instead of just changing the batteries. This might mean fewer sales of devices with integrated batteries but it shouldn’t hurt your disposable sales and could potentially help you with e-juice bottle sales as well.

Final Thoughts

There are several ways to lower your vape shop’s costs. If you’re running an online vape shop, then you might also want to catch up on our guide on ways to optimize your online vape store sales. But regardless of what you do, the best way to cut per-unit costs and boost profitability is by creating a wholesale account and purchasing your vape products in bulk.